Avison Young arranged a $147-million first mortgage refinancing of 255 Greenwich St., a 600,000+-square-foot Class A office building with ground-floor retail and parking in Tribeca, on behalf of an affiliate of Jack Resnick & Sons. The 10-year, fixed-rate CMBS loan was secured with Morgan Stanley and Societe Generale to repay an existing loan with MetLife.
Principals and co-leads Scott Singer and Andy Singer; executive director Kevin Swartz and senior director Jeffrey Moroch of Avison Young’s Tri-State Debt and Equity Finance team represented the ownership group. The team, as The Singer & Bassuk Organization, arranged the original loan with MetLife 10 years ago.
“We are extraordinarily proud to be representing Jack Resnick & Sons and to be working with Jon and his executive team as they continue to build on the legacy of excellence established by his grandfather Jack and father Burt,” said Scott Singer. “Morgan Stanley as lead and Soc Gen as co-lender provided a smooth execution for this important Avison Young client.”
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